There are some countries where Bitcoin is illegal. As I don't know your country. So, it would be tough to tell. You should add one more option in your poll of neither legal nor illegal. Majority of countries don't have any rule on Bitcoin. People can use it without any restrictions. But government or a country as whole doesn't accept it as a legal tender in that country.

I am glad that various countries are coming forward and accepting Bitcoin as a legal tender. But along with that their rules and regulations are somehow killing the anonymity of Bitcoin because they will be regulating exchanges and hence the data of Bitcoin holders. But still when a country legalises something there is always an increase in demand because nation starts to trust that. The recent hike in price is all because of that.

The only justifiable aim of various countries to launch their own Cryptocurrency is to reduce the marketcap of Bitcoin or in anyway reduce the dominance of Bitcoin on the market. But that is least to happen. They are indeed scared of the increasing marketcap of cryptocurrencies because they in many way can harm their functioning.

You are considering a 20 days old cryptocurrency an alternative to Bitcoin?

I disagree from you that people who can't afford Bitcoin would buy BCH instead. BTC is the hottest investment today. Why would anyone needs to buy a whole Bitcoin when you can buy in Satoshis. This BCH will again be dumped whereas BTC being the number one cryptocurrency will keep on attracting investors and hence there would be an increase in price.

Any coin which is not Bitcoin is simply Altcoin. It runs on different blockchain than that of Bitcoin and hence is different coin. The reason for hatred for BCH is because of all that fuss created by the fork was unnecessary when majority was supporting Segwit and lead to FUD and uncertainty in the market and hence a drop in price. Now most of the holders have dumped their BCH and most probably have forgotten too.

There wouldn't be any major correction. Some small term ups and downs would be there that are way too common in Bitcoin market. Price will hover over $4000-$4500 for sometimes before touching $5000. But there is very little chance that Bitcoin would fall by $1000 now.

LIKE BTC?

BCH is not in anyway comparable to bitcoin. BCH is just another altcoin which has its own market. What all popularity it got by splitting off from Bitcoin is over. Now, some bulk holders or pump groups are pumping the coin and there is no solid reason behind the price increase. Thus, it will dump soon. Many have already forgotten about it.

The simple reason is the best ROI Bitcoin offers in least time with least risk. Now, best ROI because Bitcoin has given approx 350% profit this year since January, least time because its been just 8 months only(I doubt any other investment asset has to offer such returns in such less time) and least risk because Bitcoin has always been in uptrend year after year with some short term ups and downs. If person shows some patience with Bitcoin, he can never go wrong with investing in bitcoin.

Cryptocurrency market has always been hot in Asia. In many Asian countries like South Korea, China, Japan and India Bitcoin was being sold at premium. Asia is the biggest market to cryptocurrency because of huge population it holds and is the main continent to drive the price too. Demand is still growing in Asia and would take the price to $5000 easily.

Goldman Sachs claim of Bitcoin going back to $2000 is BS. Ronnie Moas claim of Bitcoin reaching $7500 before the year ends is quite agreeable. The reason being his claim of increase in investment turning towards cryptocurrency is quite justifiable. There is a recent surge in demand because of many reasons. Price was in uptrend since April because of demand increase and continued till today with a halt in July because of uncertainty of fork.

There are many reasons for the increase in demand such as countries recognising Bitcoin, various banks integrating it into their systems, media is covering cryptocurrencies more, Bitcoin being the best investment asset this year and there is a increase in awareness of cryptocurrencies.

Definitely there would be a heavy resistance from the government and central authorities. They can't let a decentralised currency to become a standard currency where they won't have any control. Government and banks were already wary of Bitcoin and Altcoins and they are just legalizing it in some countries because unfortunately they can't kill it, so are developing a give and take system with Bitcoin and thus ensuring a control over exchanges.

I don't see any reason for a huge dump in Bitcoin as for now. So, I would say yes Bitcoin will keep on increasing in coming months as well. Actually Bitcoin is in uptrend since April and did continue it till June. July was the month of uncertainty that is why there was a halt and we saw a drop. Otherwise there is an increase in demand as countries are legalizing it, mainstream media seems more interested in it and people are trusting it more and thus the price will continue to rise.

One thing that everyone should understand is that Bitcoin or any cryptocurrency is not going to replace any national currency. Otherwise it would lead to economic breakdown for a country. A highly volatile currency is not what is needed to run a country.

There is indeed a threat to banks from Bitcoin. Bitcoin is like having your own bank and managing your own money whereas banks act as a middleman and earn profit out of this practice. Thus, Bitcoin certainly not going to kill banks but still possess a threat at some level.

I am holding my Bitcoins from last 2 years and you must have an idea of how much profit I am sitting on i.e. approximately 20X today. A long term investment in Bitcoin can earn you unimaginable returns.

Now let's come to trading. I was into trading a lot before. But recently I encounter a huge loss and now I do limited trading. Cryptocurrency market being decentralised is quite unpredictable. It is nothing like stock or forex market. Strategies aren't that effective in cryptocurrency market.

But now I am investing in ICOs extensively. You can easily understand the potential of an ICO through company's project. They are the best way to earn profit in less time. I recently invested in a project that earned me 10X profit just in a month. Try to start with small amounts and loss wouldn't be that major. And soon you will be able to tell which ICO has the potential.

I don't understand so much love for Martingale strategy.

The only reason for its popularity is that under certain conditions(lots of money and time) it gives a predictable outcome in terms of profits. It’s not a sure bet, but it’s about as close as you can get.

There is no fix amount you would need even if casino doesn't limit it. This strategy would rob you off your time and money. Martingale strategy bring with it a huge chance of getting you broke. So as always said bring the amount you can afford to lose in gambling and if you are lucky enough you can earn in that too.

Who says government is not getting involved in Bitcoin?

Government of most of the countries are paying close attention to the growth of cryptocurrencies. They are very well aware of the loss they would encounter if Bitcoin or Altcoin cover a trillion dollars marketcap. Many have already legalized Bitcoin with regulations. They are now controlling exchanges and are taxing people. This is enough a needed step at present. Other countries like China and Russia are on their path to build their own Cryptocurrency in the dream of overtaking Bitcoin. They all won't leave Bitcoin as it is that is for sure. Many countries will follow as for example India is considering.

Bitcoin is the best investment asset available today. Bitcoin has given best returns in less time leaving behind gold, stocks and property. It is least risky than any other asset for investment. I claim that because if we see year by year, the price has always increased. There might be some short term dips but overall it was always in an uptrend and continue to be so. Whosoever invested in Bitcoin and had some patience, would definitely had been profitable. Hence, with Bitcoin risk is minimum if you have patience and avoid panic selling.

In terms of ROI, Bitcoin is to another level. It can make people millionaire in a period of some years.

Bitcoin and altcoins don't really have a solid correlation. Sometimes they tend to follow each other and the other time they become inversely proportional. When new investors invest in Bitcoin, they tend to shift to other cryptocurrencies as well. Thus, increasing the overall cryptocurrency demand and hence the price. According to me an individual currency has many internal factors that drives the price along with the external factors. Thus, concluding any relation is baseless.

Bitcoin was already bullish since May. July was just a halt because of speculation and FUD that people were spreading of the potential fork. This is during that period we saw $1800. As soon as the uncertainty was over on August 1st, Bitcoin started gaining momentum.

There is a surge in Bitcoin's demand since may. With limited supply, price will keep on increasing in coming time as well with some short term ups and downs.

The 2x fork might not happen because Segwit has already locked in and hence it is not required. If happened it wouldn't have much effect. If there would be a drop it wouldn't be drastic.

The price will now keep on rocketing because there is a positive wave related to cryptocurrencies no matter how much FUD news channels spread. People are knowing it and acceptance is increasing. Bitcoin was in uptrend before too but there was a halt because of all that uncertainty in month of July. Now I think demand have increased considerably.